CGX Energy (CVE:OYL) Trading Down 14.3% – Here’s What Happened

CGX Energy Inc. (CVE:OYL) was down 14.3% on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.24. Approximately 483,145 shares changed hands during mid-day trading, an increase of 487% from the average daily volume of 82,360 shares. The stock had previously closed at C$0.28.

CGX Energy Trading Down 14.3%

The firm’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15. The stock has a market cap of C$81.25 million, a P/E ratio of -1.41 and a beta of 0.14.

CGX Energy Company Profile

CGX Energy Inc, an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in Guyana, South America. It holds interests in a petroleum prospecting licenses and related petroleum agreements on Corentyne block in the Guyana Basin, offshore Guyana. The company also constructs and develops the Berbice Deep Water Port project in Guyana. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.